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Session Laws, 1966
Volume 678, Page 731   View pdf image (33K)
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J. MILLARD TAWES, Governor                       731

national origin under existing authority as expressed in Article 64 A
[Section 12(a)] Section 12 A (a) of the Annotated Code of Mary-
land (1964 Replacement Volume).

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1966.

Approved April 29, 1966.

CHAPTER 433
(House Bill 174)

AN ACT to authorize the issuance of bonds of the Washington
Suburban Sanitary District in an amount not exceeding $10,000,-
000 for enlarging, increasing and augmenting the water supply
and major distribution facilities of said District; to provide that
said bonds shall be guaranteed as to payment of principal and
interest by the County Council of Montgomery County and the
County Commissioners of Prince George's County, with a provi-
sion for waiver of such guarantee at the option of the Commis-
sion; to provide for the payment of said bonds and the interest
thereon by levy against assessable property within the Sanitary
District and within the rural water areas; and to provide for
the ratification and confirmation of any guarantee made by the
County Council of Montgomery County and the County Commis-
sioners of Prince George's County of any water supply bonds of
the Washington Suburban Sanitary District heretofore issued.

Section 1. Be it enacted by the General Assembly of Maryland,
That the Washington Suburban Sanitary Commission, created by
Chapter 122, of the Acts of the General Assembly of Maryland of
1918, be and it is hereby authorized and empowered to issue bonds
of said Sanitary District in an aggregate principal amount not ex-
ceeding Ten Million Dollars ($10,000,000), which bonds shall be in
addition to any bonds authorized to be issued under said Chapter
122, or any amendments thereof, or under any other Act of the
General Assembly of Maryland, and shall be registered or coupon
bonds, in such denomination or denominations as shall be deter-
mined by said Commission, and shall bear interest at a rate or
rates not exceeding five per centum (5%) per annum, payable semi-
annually, and shall be retired serially, the last bond to be retired
not later than forty (40) years from the date of issue. Said Com-
mission may offer for sale and issue such bonds, from time to time,
as its necessity requires. Said bonds shall be executed and issued
under the same provisions, limitations and restrictions, applicable
to the bonds issued by said Commission under the provisions of said
Chapter 122, as amended, except that the said bonds shall not be
subject to the limitation in said Chapter 122, as amended, on the
amount of bonds that may be issued and shall not be included in
computing the amount of bonds that may be issued under said
Chapter 122, as amended, and said bonds shall be forever exempt
from taxation by the State of Maryland and by the counties and
municipalities in said State. The said bonds shall be guaranteed, as
to the payment of principal and interest, by the County Council

 

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Session Laws, 1966
Volume 678, Page 731   View pdf image (33K)   << PREVIOUS  NEXT >>


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